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We are experienced in a wide variety of disputes involving real estate, including those arising in connection with the bankruptcy of real estate developers and owners, foreclosures, title disputes, attachments, environment proceedings, and construction related disputes.
15 Ιουλ 2024 · (1) Real estate purchase contract and payment. – Finalize the real estate contract through a lawyer or real estate agent and complete the payment to the seller. (2) Notification of real estate acquisition. – Notify the city, county, or district office where the property is located.
Pursuant to Article 249 of the Civil Act in Korea, if a person, who peaceably and openly was assigned a movable property, had possession of it in good faith and without negligence, the person is deemed to have acquired its ownership immediately, even if the assigner is not a legal owner.
A full-service law firm in Korea, we have over 500 Korean and foreign professionals providing comprehensive legal, accounting, tax, compliance and regulatory services. Our clients include multi-national and Fortune 500 companies, Korean conglomerates, foreign and domestic financial institutions, small and medium-sized enterprises and government ...
- In Korea, there are two types of real-estate transactions: Purchasing and leasing. Leasing and Jeonse deposit - To lease a residential house/apartment, you should typically remit a security deposit in advance and then pay monthly rent to the homeowner. - Jeonse (Leasing a residential house/apartment using only lump sum security deposit) The
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Although our Seoul lawyers are not allowed to practice Korean law, we coordinate with local counsel for non-Korean clients’ needs for Korean legal advice. Our lawyers have represented Korean companies from a variety of practices as listed below.
